Quote:
Originally Posted by Sylvanfan
I asked the same damn thing.....He's avoiding the question! 
C'mon Tim admit it....It's profit insurance that basically needs to only work once for one customer to give you something to sell the consumer. If all buyers of new cars all agreed to contribute say $8 a month into a communal fund and anyone who needs major repairs within the time of the extended warranty period can take from that fund to pay for those repairs. I bet that fund would still have money in 5 years and be able to pay back some type of dividend to everyone who paid into it, plus pay for the repairs. |
Extended Warranty is one of those things. It is hard to pay for but with todays cars there are so many electronics that can get expensive to replace. It is a personal call. It is a profit centre to be sure though. Also be careful of some of the 3rd party warranty companies make sure it is a well established one. Go with a manufacture backed one if you can. MB for example has Star Certified. It is from MB so there is not much chance of them not being aroudn to honor it. Also some of them have payout limits be careful of them.
As and aside when i bought my wifes MB SUV i did buy the MB extended warranty. It was not cheap but personally i think it is good value and it will only help when i go to sell the car..